First Trust/Aberdeen Emerging Opportunity Fund Announces Results of Annual Shareholder Meeting

First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO) (the “Fund”) announced today that at its Annual Meeting of Shareholders held at the offices of the Fund on May 11, 2009 (“Meeting”), Shareholders of the Fund elected two current Independent Trustees to hold office for additional three-year terms. At the Meeting, Shareholders also voted not to approve a Shareholder proposal submitted by Opportunity Income Plus L.P. (“Proposal”) requesting the Board of Trustees of the Fund to authorize a self-tender offer for all outstanding shares of the Fund at net asset value. The Proposal additionally requested that if more than 50% of the Fund’s outstanding shares are tendered, the tender offer should be cancelled and the Fund should be liquidated or merged into an open-end mutual fund. Of the shares voted on the Proposal, approximately 74% of shares voted against the Proposal. The affirmative vote of a majority of the shares voted in person or by proxy was required to approve the Proposal.

The Fund is a diversified, closed-end management investment company that seeks to provide a high level of total return. The Fund seeks to achieve its investment objective by investing at least 80% of its managed assets in a diversified portfolio of equity and fixed-income securities of issuers in emerging market countries.

First Trust Advisors L.P. (“FTA”), the Fund’s investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of over $18 billion as of April 30, 2009 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

Aberdeen Asset Management Inc. (“Aberdeen”) serves as the Fund’s investment sub-advisor. Aberdeen is a wholly owned subsidiary of Aberdeen Asset Management PLC which is the parent company of an asset management group managing approximately $158.4 billion in assets, including approximately $60.8 billion in global fixed-income securities, for a range of pension funds, financial institutions, investment trusts, unit trusts, offshore funds, charities and private clients.

The Fund’s daily New York Stock Exchange closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

The Fund is exposed to several risks including, but not limited to, the following: Investment and market risk, management risk, emerging markets risk, equity securities risk, fixed-income securities risk, interest rate risk, non-investment grade securities risk, non-U.S. securities risk, government securities risk, non-U.S. government securities risk, currency risk, preferred stock risk, convertible securities risk, asset-backed securities risk, credit linked notes risk, credit default swaps risk, smaller capitalization risk, market discount from net asset value, leverage risk, derivatives risk, portfolio turnover risk, market disruption risk, inflation risk, and illiquid/restricted securities risk.